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Tag: Creatd stock

  • Creatd, Inc. (CRTD) Stock Soars as Latest Target of Meme Stock Phenomenon

    Creatd, Inc. (CRTD) Stock Soars as Latest Target of Meme Stock Phenomenon

    Creatd, Inc. (CRTD) stock prices surged by 14.73% shortly after market trading commenced on July 19th, 2021, bringing the price per share up to USD$3.66 early on in the trading day.

    Vocal+ Success

    June 30th, 2021 saw the company report having achieved a significant milestone in having surpassed 30,000 subscribed users of Vocal+, the CRTD’s premium subscription offering of its flagship product, Vocal. The Vocal+ platform was launched earlier in 2020 after three years of its predecessor having driven the main business. Cumulatively, Vocal reports more than 1 million freemium and Vocal+ premium members that comprise its innovative creator community.

    Continued Development

    In light of these promising developments, the company forecasts reporting USD$1 million in net revenues for the second quarter of 2021, which will see a threefold increase from the numbers reported for the same quarter of the prior year. The upcoming quarter is set to see the company allocate resources towards the delivery of additional features that will enhance CRTD’s ability to expand and consolidate its creators and their audiences while driving down marketing costs. The company will, then, rely less on traditional paid media avenues while leveraging the organic traction of their strong network of 39 creator communities.

    Financial Guidance

    In tandem with the company’s newly released Vocal Ambassador Program, CRTD has found itself to have gained access to a source of organic growth for the platform. With the company expected to continue growing, it anticipates its creator-first strategy to generate anywhere from USD$1.6 million to USD$1.8 million in revenues for the third quarter of 2021. With a USD$1.5 million reductions in marketing costs, CRTD forecasts operating expenses in the amount of USD$3.3 million for Q3 2021

    Meme Stock Phenomenon

    Despite these promising developments, the lack of recent news or changes in fundamentals points to CRTD having become the latest target of the meme stock phenomenon. With retail investors coordinating to execute short squeezes on underdog companies with high floats, the phenomenon has been upending institutional investors over the past several quarters. Rife with volatility and risk, these gains are not something CRTD can expect to sustain for very long.

    Future Outlook for CRTD

    Despite the fleeting nature of the meme stock phenomenon’s touch, CRTD is poised to capitalize on the momentum generated by its increased scope of exposure. In a bid to use that limelight to prove to investors that they can justify such surges in stock price on merit, CRTD is keen to facilitate the resources at its disposal to drive in more organic growth over the long term.

  • Creatd, Inc. (CRTD) stock is falling today: Why is it so?

    Creatd, Inc. (CRTD) stock is falling today: Why is it so?

    Creatd, Inc. (CRTD) stock announced the pricing of a public offering of its common stock after which the CRTD stock happened to be red and stock price saw a downtrend of 15.74% a share as of this writing. The stock went high in the previous trading session and closed with a 4.03% gain. Let’s discuss more about the CRTD stock.

    What’s Happening?

    The announcement of a public offering by the Creatd stock is the main culprit behind the falling CRTD stock price. According to the public offering, 750,000 shares of the CRTD’s common stock would be offered at a per-share price of $3.40 which means that the offering would produce roughly$2.6 million in total. Creatd stock might sell 15% or 112,500 additional shares of its common stock via granting the 30-day option to underwriters. After meeting the customary closing conditions, the offering would expect to end on June 21, 2021. The net proceeds are estimated to be approximately $2.4 million after the deduction of underwriting discounts and commissions. The net proceeds would be used for general corporate purposes by the CRTD stock.

    Creatd, Inc to acquire 55% WHE Agency:

    Yesterday on June 16, 2021, CRTD stock did announce that it has signed the memorandum of understanding via its wholly owned subsidiary Creatd Partners for the acquisition of a 55% ownership stake in the WHE agency. $275,000 in cash $660,000 in stock was specified for this proposed transaction. Creatd stock intends to carry out the definitive agreements in the early phase of the third quarter of 2021.

    The memorandum has expanded the corporate strategy of the Creatd stock via the expansion of its tools and resources for creators. According to the management, the acquisition will benefit both companies in terms of revenues, and WHE is expected to contribute more than $1 million in agency-related net revenue in the next year.

    Launch of ‘Fiction’, a Vocal Community:

    About a week ago, Creatd stock made an announcement of launching the new ‘Fiction’ community on vocals.The purpose of this launch is to showcase the imaginative work of creators. Furthermore, the CRTD stock also announced the world’s first crowdfunding book publisher, Unbound as its official supporter of the Fiction community.

    Conclusion:

    The announcement of public offering is the obvious reason for the falling CTRD stock price. Such rises and falls don’t affect the long-term investors who mainly eye on the stock’s fundamentals, balance sheet, and future developments.